Gang swindles goods worth Rs 1.5 cr with bounced cheques

An FIR for fraud amounting to Rs 1.5 crore has been registered at APMC market police station against four men who swindled shopkeepers by ordering lakhs of rupees’ worth of goods and later defaulted on payment. For over a month, the accused have been making expensive bulk orders and paying by fraudulent cheques, which would bounce due to insufficient funds or incorrect information.

Cheated: The traders file their complaints at APMC market police station against the four accused who swindled them by ordering goods worth lakhs of rupees. Pic/Gopal Shah

The four accused, who are absconding, have been identified as Uday Bhaskar, Raj Purohit, Vikram Singh and Kishan.

A senior police inspector at APMC market police station said, “All the cheques issued by the four accused were not accepted by the bank, as they had no funds in their own bank accounts and would purposely spell their own names incorrectly. They usually issued cheques two days after the order was placed.”

According to police officials, the accused initially gained the sellers’ trust by paying them for orders that usually consisted of one or two items amounting to a maximum total of Rs 20,000, but the mode of payment was always by cheque.

Big ‘business’ Later, the four accused opened a shop named ‘Synergy Supplies’ in order to defraud the shopkeepers on a larger scale. Using the name of their shop, they started placing order for goods in bulk on a regular basis. Each consignment consisted of goods worth more than Rs 1 lakh.